Management and Transparent Distribution of Funds
Transparency and accountability are critical pillars of the Cathedral Foundation DAO. To ensure that all funds raised are used effectively and ethically, we implement robust systems for fund management and distribution.
Treasury Management: The DAO’s treasury is managed on-chain using smart contracts, ensuring that all fund movements, allocations, and balances are publicly accessible and auditable by any member of the community. The treasury holds a variety of assets, including CATH tokens, donations, and grants, and is governed by the community through the DAO’s voting mechanisms. This system ensures that no single entity has control over the funds, and all spending decisions are made collectively.
Proposal-Based Funding Allocation: Funds are distributed based on proposals submitted by members of the community or approved projects. Each proposal must outline a detailed budget and clear goals, ensuring that the funds will be used for their intended purpose. The community then votes on whether to approve the funding, and if passed, the smart contracts automatically release the allocated funds. This decentralized system prevents mismanagement of resources and ensures that all spending aligns with the DAO’s mission.
Reporting and Accountability: Every project or initiative that receives funding from the DAO is required to submit regular reports detailing the use of funds, project progress, and outcomes. These reports are made publicly available to the community, allowing for transparent oversight. In cases where projects do not meet their milestones or fail to deliver results, the DAO can vote to revoke future funding, ensuring accountability for every initiative.
Audits: To further ensure transparency and trust, the Cathedral Foundation DAO undergoes periodic audits by independent third parties. These audits review the DAO’s financial activities, including the use of funds, token distributions, and treasury management. The results of these audits are published for the community, reinforcing the DAO’s commitment to transparency and ethical fund management.
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